SEC Form 4 · accession 0000899243-15-001025
iHeartMedia, Inc. · IHRT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven James Macri
Officer — SVP, Finance
Period of report
Jul 8, 2015
Accepted (ET)
Jul 10, 2015 · 3:15 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001400891
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Jul 8, 2015 | M | 2,500 | $0.00 | A | 8,803 | D | |
| Class A Common StockF2 | Jul 8, 2015 | F | 925 | $6.60 | D | 7,878 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted StockF1 | — | Jul 8, 2015 | M | 2,500 | D | — | Jul 8, 2019 | Class A Common Stock | 2,500 | 22,500 | D |
Explanation of responses
- F1Transaction represents the vesting of shares of restricted stock awarded on July 8, 2014. These shares were granted under the iHeartMedia, Inc. 2008 Executive Incentive Plan. Of the remaining unvested shares of restricted stock issued under this award, 10,000 shares of the restricted stock are subject to time vesting restrictions and 12,500 shares of restricted stock will vest, if at all, based on the achievement of performance conditions.
- F2Transaction represents shares withheld for taxes on vested restricted stock.